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AUD/USD: Bullish breakout ahead of monthly AU CPI data

From marketpulse.com

This is a follow-up analysis of our prior report, “AUD/USD torpedoed towards key short-term support for a potential bullish reversal” published on 10 November 2023. Click here for a recap. The AUD/USD has staged the expected rally right above the 0.6330 key short-term support as highlighted in our analysis where it printed an intraday low of 0.6339 on 10 November 2023 and hit the 0.6520 resistance on 15 November 2023. Thereafter, its price actions continued its short-term bullish momentum as it cleared above 0.6520 and the long-term 200-day moving average (acting as a resistance at 0.6595) yesterday, 27 November ... (full story)

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  • Category: Technical Analysis